17 August 2020
The COVID-19 pandemic has created enormous challenges for business leaders everywhere. CFOs and their finance teams are producing additional (and more frequent) information for their boards to provide confidence in the organisation’s ongoing financial resilience while updating on progress through the recovery phase.
Top 10: short to medium term board focus
- Finance and balance sheet resilience
- Internal controls resilience and assurance
- Finance team resilience
- Shareholder resilience
- Flexible ‘recovery’ planning, budgeting and forecasting
- Future business model, emerging risks and opportunities – scenario planning
- The future finance team – operating model
- Future external reporting and communications
- Governance, trust, reputation and brand
- Mergers and acquisitions
To help CFOs and their teams pre-empt and get ahead of a board’s growing information demands, KPMG’s CFO Advisory team has prepared a helpful discussion checklist, summarising the top ten likely areas of board focus over the short to medium term.
For practical hands-on support in preparing for the increased demands on finance by your board and other stakeholders, please contact the CFO Advisory team.
